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-City-Mart Is the Only Employer of Sales Clerks in Panburg

Question 239

Multiple Choice

  -City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply curve faced by City-Mart, VMP is City-Mart's value of marginal product curve, and MCL is its marginal cost of labor curve. If the market for sales clerks' labor in Panburg were competitive, the wage rate would be ________ per hour, and ________ hours of labor would be hired. A)  $9; 90 B)  $12; 60 C)  $6; 90 D)  $6; 60
-City-Mart is the only employer of sales clerks in Panburg. In the figure above S is the labor supply curve faced by City-Mart, VMP is City-Mart's value of marginal product curve, and MCL is its marginal cost of labor curve. If the market for sales clerks' labor in Panburg were competitive, the wage rate would be ________ per hour, and ________ hours of labor would be hired.


A) $9; 90
B) $12; 60
C) $6; 90
D) $6; 60

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